Littelfuse, Inc. (LFUS) Director Sells $107,000.00 in Stock

Littelfuse, Inc. (NASDAQ:LFUS) Director Ronald L. Schubel sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $214.00, for a total transaction of $107,000.00. Following the sale, the director now directly owns 23,817 shares of the company’s stock, valued at approximately $5,096,838. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Littelfuse, Inc. (LFUS) opened at $219.40 on Friday. The stock has a market cap of $5,447.70, a P/E ratio of 42.27, a P/E/G ratio of 2.14 and a beta of 0.99. Littelfuse, Inc. has a 12-month low of $149.81 and a 12-month high of $226.33. The company has a current ratio of 3.52, a quick ratio of 2.90 and a debt-to-equity ratio of 0.53.

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Littelfuse (NASDAQ:LFUS) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.13. The business had revenue of $304.85 million during the quarter, compared to analysts’ expectations of $299.88 million. Littelfuse had a net margin of 9.78% and a return on equity of 19.65%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.57 EPS. analysts anticipate that Littelfuse, Inc. will post 8.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Thursday, February 22nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Wednesday, February 21st. Littelfuse’s dividend payout ratio is 28.52%.

Hedge funds have recently added to or reduced their stakes in the stock. Turner Investments LLC acquired a new position in Littelfuse during the 3rd quarter worth approximately $147,000. Advisor Partners LLC acquired a new position in Littelfuse in the 4th quarter valued at approximately $212,000. Coldstream Capital Management Inc. acquired a new position in Littelfuse in the 3rd quarter valued at approximately $204,000. Intrust Bank NA acquired a new position in Littelfuse in the 3rd quarter valued at approximately $204,000. Finally, Zeke Capital Advisors LLC acquired a new position in Littelfuse in the 4th quarter valued at approximately $210,000. Institutional investors and hedge funds own 93.74% of the company’s stock.

A number of brokerages have recently weighed in on LFUS. Zacks Investment Research raised shares of Littelfuse from a “hold” rating to a “buy” rating and set a $233.00 price target for the company in a report on Wednesday. ValuEngine upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, BidaskClub upgraded shares of Littelfuse from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Littelfuse presently has an average rating of “Buy” and an average price target of $212.00.

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Littelfuse Company Profile

Littelfuse, Inc is a supplier of circuit protection products for the electronics, automotive and industrial markets. The Company operates through three segments. The Electronics segment provides circuit protection components for overcurrent and overvoltage protection, as well as sensor components and modules to manufacturers of a range of electronic products.